HIS political party is not the only thing Clive Palmer has shed in the past year.
The rapidly shrinking mining magnate was snapped at Broadbeach on the Gold Coast on Anzac Day looking a shadow of his former self.
The one-time larger-than-life political figure confirmed to news.com.au in a brief statement on Wednesday that he has lost an impressive 58kg since embarking on his strict weight loss regimen about eight months ago.
When he began his healthy eating regimen in July last year, he tipped the scales at 153kg, he said.
Now, he weighs just less than 95kg - just five kilograms from his goal weight.
The father-of-four, including two-year-old Lucy and seven-year-old Mary with his second wife Anna, said his young family was a big motivation behind the dramatic weight loss.
"I've got a two-year-old daughter and I've got a strong obligation to help her live life," he said.
"I'm 62 now, at 153kg I was pushing it uphill on the long term."
In the early days of his weight loss journey, Mr Palmer regularly posted to social media that weight loss company Lite 'N Easy was helping him achieve his goals, and credited them with teaching him about portion control.
In an interview with news.com.au late last year, he said he also cut down his meat consumption, swapped his favourite soft drink ginger beer for the diet version and cut back on sauces.
The former federal member for the Sunshine Coast seat of Fairfax said while his young daughters motivated him, he simply, "put his mind to it" to muster the willpower to cut back.
"First up you have to say, 'I'm going to keep doing it (diet) for six months'," he said.
"Mentally, you've got to make the decision to make a commitment, realise the gravity. You've got to implement it as a discipline.
"If you make that commitment upfront you won't be undermining yourself every day.
"Secondly, I thought, 'well how much do I eat every day and how much should I eat?'
"I limited my portions, rather than worrying what's on your plate, I went to Lite n' Easy who gave me all my measures."
Nearly 60kg down, he said he is reaping the benefits of his dramatic weight loss.
"I'm feeling a lot better, feeling the benefits, spending more time engaging with people. They're all things I couldn't do before," he said.
Mr Palmer's weight loss has come amid a tumultuous year for the man who, as leader of the Palmer United Party, once touted himself as Australia's next Prime Minister.
He decided not to recontest Fairfax at the 2016 federal election, amid predictions of an epic loss.
He has been in and out of courtrooms all year, both giving evidence in the collapse of his Townsville nickel refinery in the Federal Court probe into its administration, and in his High Court application to have the proceedings blocked.
Queensland Nickel dramatically went into receivership in 2016, leaving approximately 800 workers without jobs.
Late last year, his Palmer United Party, which enjoyed its peak success at the 2013 election before spectacularly imploding, was deregistered in Queensland, before the final nail in the coffin came just last week, when it was deregistered nationally.
The mining magnate has also raised eyebrows in recent months with a series of bizarre social media postings, often in the form of memes targeting Prime Minister Malcolm Turnbull and Opposition Leader Bill Shorten.
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